The world of finance has been in a state of flux for quite some time now and it’s only a matter of time until everyday consumers start to realise everything in this sector is being rehashed. For instance take a look at the most “valuable brands”; both Nokia and Pizza Hut have been dethroned by Lego and Paypal! Something just isn’t adding up; but the question is whether or not people want to see what is actually going on in front of their own eyes?

There are quite a few major flaws when it comes to running a successful economy anywhere in the world these days. Politicians making empty promises and not delivering on them is causing a lot of financial havoc, especially where the job market is concerned. Saying “x amount of jobs will be added” sounds good when being interviewed by reporters, but the numbers don’t always add up.

The worlds of finance and Bitcoin are much more closely related than most people think. Any major development in either area will have a major effect on the other market. Although, Greece’s recent crisis did not boost Bitcoin adoption by all that much, it was yet another indication of how the current financial ecosystem is running on fumes. Portugal’s current financial woes will only strengthen that thought and might provide Bitcoin with the long-awaited boost it really needs.

It is no secret that venture capitalists are keeping a close eye on the Bitcoin sphere. While 2015 has already seen a heavy influx of money into Bitcoin companies, the year is not over yet. Even companies such as Boost VC are being open about their picks and investments, as after all, without decent entrepreneurs, there is no reason to invest in any Bitcoin company!

Boost VC Number Crunching Since 2012

Do keep in mind the following numbers have been presented by Boost VC themselves and are a combination of three years of investments and business. Overall, these numbers are pretty promising all across the board, even though it might still be too early to tell if they are the correct choices. Read more...

Most everyday consumers are wary of Bitcoin because its price has turned out to be quite volatile. While this statement is true for the most part, Bitcoin is far from the only currency in existence that is suffering from a volatile price. Nearly every fiat currency, precious metal, digital asset, or anything issued by a bank or government is constantly fluctuating in price as well. Anyone in the world can openly track the Bitcoin price, and see which part of the world is influencing it.

If we want to grow the Bitcoin ecosystem, proper steps have to be taken to raise awareness about virtual currencies, and the reason why they exist. Targeting younger audiences seems to be the way forward, as students are a perfect demographic for the disruptive effect of Bitcoin and other digital currencies. Or we can just take a page out of Clever Kash’s book, and directly target young children. Read more...

One of the main concerns regarding Bitcoin is the current price volatility. As a result, merchants are not keen on denominating prices in Bitcoin value and offer the customer a conversion from fiat value to Bitcoin value during checkout. Once a payment has been received in Bitcoin; it will most likely be converted to fiat currency immediately. But that situation could be about to change, assuming banks will embrace permissionless blockchains. Read more...

Quite a few major banks around the world are looking into Bitcoin and blockchain technology with growing interest. This doesn’t mean these major banks will suddenly start accepting Bitcoin as a form of money, but the fact they want to embrace the blockchain from a technological point of view is good news. The latest major bank to explore blockchain technology is Citigroup.

Citigroup – Exploring Fiat-backed Digital Currency

Bitcoin and other virtual currencies are not backed by fiat currency or precious metal, making them stand out from money as everyone knows it. Many people see this as a weakness while it is, in fact, one of virtual currency’s strong suits. No backing means there is no central authority to exert capital controls in the world of Bitcoin. Read more...

Bitcoin is on a slow march to become a more globally used virtual currency and the latest area of the globe where an impact is being made is Morocco. According to an E-Coin representative, 15% of the website traffic for this Bitcoin debit card provider is coming from Morocco and quite a few people are signing up for their debit card service.

E-Coin Becomes a Household Name in Morocco

When it comes to the country of Morocco, very little media attention is going out to the local financial infrastructure right now. Similar to most countries in that part of the world, most Moroccans have little to no access to a financial infrastructure in comparison to the Western world, which opens the doors for Bitcoin adoption. Read more...

Bitcoin can pose a serious disruptive threat to the world of finance as we know it. Wall Street has been carefully eyeing Bitcoin and the underlying blockchain technology for several years now. With so many companies leaving New York due to the BitLicense regulation, the reaction on Wall Street wouldn’t take long. Lo and behold, many Wall Street players are migrating to the Bitcoin ecosystem. Read more...